Stenn Closes Trade Finance Program for Indian Importer of Mobile Devices and Accessories

Stenn recently concluded a seven-figure trade receivables finance program for an Indian importer of mobile devices and accessories from a manufacturer based in Hong Kong. The importer is a global leader in the telecom industry, distributing to manufacturers, operators and retailers. 

“Stenn has proven to be a viable partner as we continue to navigate through these uncertain times. As a client advocate, it is imperative that we have alternative solutions to offer our clients. Securing capacity and funding in the marketplace varies with each opportunity. It is not only essential to have strong relationships with banking institutions but to also have direct access to alternative funding solutions. Having worked with Peter Clement for many years, I have confidence that our clients will see the intrinsic value in working with a company like Stenn,” said Salvatore Garry, Associate Director Financial Solutions, Willis Towers Watson.

Receivables financing is a flexible and straightforward method for importers and their suppliers to optimize working capital and strengthen their relationships. In importer-led receivables financing, the importer acts to introduce the solution to its suppliers, who are the actual clients of the finance company. Suppliers receive payment at the time of invoicing and shipping, while the importer benefits from open account payment terms that allow for payment at a later date.

About Stenn

Stenn International Ltd. is a UK-based data and financial technology company providing flexible financing to companies engaged in cross-border trade. Stenn’s trade finance solutions may be secured and managed online, speeding up access to liquidity for export suppliers while allowing import buyers to purchase on open account terms. These innovative practices allow Stenn to finance in sectors and geographic regions currently underserved in global trade. Stenn operates globally with offices in the UK, Europe, Asia and the Americas. Learn more at stenn.com.

For more information on how Stenn receivables financing can enhance working capital for both importers and exporters, please contact Peter Clement at peter.clement@stenn.com or +1 (914) 393-3775.